Foreclosure in Sherman Oaks>Question Details

Msslver, Renter in California

I am currently renting a property and have been informed it has just been forclosed on, what can i expect at this time?

Asked by Msslver, California Wed Oct 12, 2011

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How were you informed? Did a representative from the bank or an agent come to you door or did someone post a notice on your door? You will be contacted by a representative and will likely be offered cash for keys...Money to move out. Usually a couple thousand dollars to move in 30 days...more is sooner, less if later. You do have rights however. You may be allowed to stay and pay rent to the bank, provided you agree to cooperate with Real Estate showings when they put it on the market. I recommend taking the money.
0 votes Thank Flag Link Wed Oct 12, 2011
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